Here is today's summary of economic development news, a free service of the Economic Development Partnership of Alabama, representing Alabama's private sector investment in economic development.  If you enjoy NewsFlash, thank an EDPA Partner.


 

In this issue:
Knauf Insulation to expand Alabama plant, create 100 jobs
What makes a good business pitch?
Hyundai Supplier Helps School District
Kellyton's Wellington Industries selected among General Motors's best suppliers

 


Knauf Insulation to expand Alabama plant, create 100 jobs

LANETT, Alabama - Knauf Insulation plans to double production at its Alabama plant, adding as many as 100 new workers in an expansion project that will make the Chambers County facility one of the nation's largest insulation factories.

 

Knauf Insulation Senior Vice President Jon Pereira said the company selected the Lanett plant for expansion over other locations in the Shelbyville, Indiana-based company's network. Knauf Insulation will invest more than $30 million to revitalize and upgrade the plant's equipment, boosting output of the energy efficient material. The project should be complete by mid-2015.

 

The expansion represents the second investment the company has made in the Chambers County plant since spring 2013. That's when it launched a $20 million project to resume production at the facility, which had been mothballed in 2011 due to a severe downturn in the construction industry. Today, Knauf Insulation's Lanett facility employs 120 people and has become the Southeast's largest insulation factory, supplying building needs throughout the region.



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What makes a good business pitch?
Oct 15, 2014 
Alan AlexanderReporter-Birmingham Business Journal

The Alabama Launchpad is now accepting applications for the next cycle of its startups competition, and this round companies have the chance at a share of $250,000.

 

Last round, five of the finalists were from Birmingham and four of them received more than $160,000 in funding collectively.

 

But how should entrepreneurs prepare for such a competition, and what do judges emphasize more: the pitch or the business model?

 

more...

 

[Birmingham Business Journal]

 



 

 

  


 

Hyundai Supplier Helps School District
By Darryl Forges

Oct 15, 2014 


 

Hwashin is bringing more jobs to South Alabama, and that means more opportunities for people in Butler County, and the school district.

 

Clarence Curry the third is a Sophmore at Georgiana High School. He comes to The career tech center at Greenville High School to learn hands on about welding and blow torching. Even though it's his second year in high school he already has future plans.

 

"I wanna be a welder. Complete welding. Take care of my family." Said Curry.

Students like Curry are hoping to leave school with a job. Hopefully at the Hwashin Plant in Greenville. The company announced it will invest millions of dollars to expand its faciltiy as well as adding 50 new jobs.

 

 

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Kellyton's Wellington Industries selected among General Motors's best suppliers

October 15, 2014


A local manufacturer has been selected as one of the best suppliers that General Motors has.

 

Lake Martin Wellington was awarded the GM Quality Excellence designation, an honor that only 80 suppliers nationwide have earned over the last three years.

 

Wellington President John Brodowski and Operations Manager Ron Stiver traveled to Detroit to receive the award.

 

Wellington currently makes about 25,000 brackets a week for GM fuel pumps on their V6 and V8 engines, Stiver thinks it is a triangle piece that goes into GM vans near the side-view mirrors that got them the award.

 

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